Commonwealth Consolidated Acts

A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 9.85

  (1)   For the purposes of this Act, the * value of a * taxable supply is to be expressed in Australian currency.

  (2)   In working out the * value of a * taxable supply, any amount of the * consideration for the supply that is expressed in:

  (a)   a currency other than Australian currency; or

  (b)   * digital currency;

is to be treated as if it were an amount of Australian currency worked out in the manner determined by the Commissioner.